Professional Guide to CARO 2020

Professional Guide to CARO 2020

This 3rd Edition (2025) of Professional Guide to CARO 2020 by G. Sekar, published by Commercial Law Publishers (India) Pvt. Ltd., offers an in-depth and practical interpretation of the Companies (Auditor’s Report) Order, 2020, updated as per the latest amendments and ICAI Guidance Note.

The book provides clause-by-clause commentary along with reporting formats, making it an indispensable guide for auditors, accountants, and corporate professionals tasked with compliance under CARO 2020.

Key features include:

• Comprehensive coverage of all reporting clauses, including PPE & intangible assets, inventory verification, loans & advances, compliance with Sections 185/186, public deposits, cost records, statutory dues, undisclosed income, repayment defaults, frauds, company registration & NBFC matters, related party transactions, internal audit systems, and CSR reporting

• Clause-wise analysis with practical checklists to ensure thorough compliance

• Guidance on drafting CARO reports with illustrative formats

• Special focus on reporting in case of branch audits, consolidated financial statements, and industry-specific scenarios

• Inclusion of Schedule III disclosure requirements and cross-references to Companies Act, 2013 provisions

• Highlights of common pitfalls, red-flag indicators, and audit best practices

This edition is highly useful for:

• Statutory auditors and audit firms

• Chartered Accountants and accounting professionals

• Company secretaries and compliance officers

• Corporate finance teams responsible for statutory reporting

With its clear structure, practical approach, and updated coverage, this book is a must-have guide for ensuring robust and accurate auditor reporting under CARO 2020.